Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AU$3.27, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 23x in the Electrical industry globally. Total returns to shareholders of 815% over the past three years. New Risk • May 30
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$28m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Significant insider selling over the past 3 months (AU$28m sold). Recent Insider Transactions • May 16
Non-Executive Director recently bought AU$67k worth of stock On the 12th of May, Rodney Henderson bought around 25k shares on-market at roughly AU$2.69 per share. This transaction increased Rodney's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$15m more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to AU$2.72, the stock trades at a trailing P/E ratio of 34.5x. Average forward P/E is 25x in the Electrical industry globally. Total returns to shareholders of 918% over the past three years. Price Target Changed • Apr 29
Price target decreased by 16% to AU$3.03 Down from AU$3.60, the current price target is an average from 2 analysts. New target price is 22% above last closing price of AU$2.48. Stock is up 142% over the past year. The company is forecast to post earnings per share of AU$0.091 for next year compared to AU$0.072 last year. Announcement • Apr 02
Mayfield Group Holdings Limited (ASX:MYG) completed the acquisition of Business Assets and Undertakings from SMEC Power & Technology for AUD 24.8 million. Mayfield Group Holdings Limited (ASX:MYG) entered into an asset sale agreement to acquire Business Assets and Undertakings from SMEC Power & Technology for AUD 30.1 million on February 25, 2026. The acquisition price is based on an enterprise value of up to AUD 30 million, consists of upfront consideration (70%): AUD 21 million payable at completion, comprising up to AUD 14.7 million in cash (70%) and approximately AUD 6.3 million in MYG shares (30%) (2.5 million shares). Shares issued to the Seller will be subject to a 24-month escrow period from completion and Earn-Out (30%): Up to AUD 9 million payable post-completion, subject to SMEC achieving agreed financial performance targets, which must be finalised by 31 August 2026. The earn-out consideration can only be reduced to nil, i.e. it cannot reduce the upfront consideration. The earn-out payment will be satisfied in 70% cash and 30% MYG shares (1.1 million shares), with the shares subject to a 24-month escrow period. The cash portion of the consideration will be sourced from MYG's existing cash reserves. The acquisition will be effected by way of an asset sale agreement, under which Mayfield Group Holdings Limited will acquire all SMEC's business assets and operations as a going concern, including plant, equipment, inventory, goodwill, intellectual property, and the benefit of customer contracts and business records. The transaction is on a cash-free, debt free basis with normal working capital. SMEC has an experienced workforce of more than 100 employees and is supported by a long-standing senior management team that will remain with the business. SMEC’s founder and Managing Director, Martin Law, will remain with the business on a long-term contract post-acquisition.
The transaction been approved by the board of directors of Mayfield Group Holdings Limited and has completed comprehensive financial due diligence on SMEC. Completion is scheduled for March 31, 2026.
Mayfield Group Holdings Limited (ASX:MYG) completed the acquisition of Business Assets and Undertakings from SMEC Power & Technology for AUD 26.4 million on April 1, 2026. The consideration consist of AUD 12.24 million in cash and AUD 5.22 million as upfront consideration and AUD 6.3 million in cash as earnout and AUD 2.68 million in shares as earnout payment. Buy Or Sell Opportunity • Apr 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 31% to AU$2.20. The fair value is estimated to be AU$2.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 60% in the next 2 years. Buy Or Sell Opportunity • Mar 13
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to AU$1.99. The fair value is estimated to be AU$2.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 60% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to AU$2.32, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 22x in the Electrical industry globally. Total returns to shareholders of 692% over the past three years. Upcoming Dividend • Feb 25
Upcoming dividend of AU$0.02 per share Eligible shareholders must have bought the stock before 04 March 2026. Payment date: 19 March 2026. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Australian dividend payers (6.1%). Higher than average of industry peers (0.9%). Buy Or Sell Opportunity • Feb 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 35% to AU$2.85. The fair value is estimated to be AU$2.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to AU$2.58, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 22x in the Electrical industry globally. Total returns to shareholders of 928% over the past three years. Announcement • Jan 29
Mayfield Group Holdings Limited Declares Interim Dividend for the Half-Year Ending on 31 December 2025, Payable on 19 March 2026 Mayfield Group Holdings Limited announced that it has declared an interim dividend of 2 cents per share, fully franked, for the half-year ending on 31 December 2025, payable on 19 March 2026. Ex-dividend date is 4 March 2026 and Record date is 5 March 2026. The total amount of the interim dividend is $2.314 million. Buy Or Sell Opportunity • Jan 16
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 73% to AU$2.95. The fair value is estimated to be AU$2.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Buy Or Sell Opportunity • Dec 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 105% to AU$2.97. The fair value is estimated to be AU$2.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to AU$2.89, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 20x in the Electrical industry globally. Total returns to shareholders of 844% over the past three years. Recent Insider Transactions • Dec 02
Non-Executive Director recently sold AU$12m worth of stock On the 27th of November, Alan Steele sold around 5m shares on-market at roughly AU$2.32 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$15m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to AU$2.50, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Electrical industry globally. Total returns to shareholders of 740% over the past three years. New Risk • Nov 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Significant insider selling over the past 3 months (AU$3.6m sold). Buy Or Sell Opportunity • Nov 17
Now 20% undervalued Over the last 90 days, the stock has risen 82% to AU$2.20. The fair value is estimated to be AU$2.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to AU$2.35, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 21x in the Electrical industry globally. Total returns to shareholders of 712% over the past three years. Recent Insider Transactions • Oct 30
Non-Executive Director recently sold AU$857k worth of stock On the 27th of October, Alan Steele sold around 487k shares on-market at roughly AU$1.76 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth AU$2.7m. Insiders have been net sellers, collectively disposing of AU$3.6m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AU$1.68, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 32x in the Electrical industry globally. Total returns to shareholders of 690% over the past three years. Announcement • Sep 22
Mayfield Group Holdings Limited, Annual General Meeting, Oct 23, 2025 Mayfield Group Holdings Limited, Annual General Meeting, Oct 23, 2025. Location: 3 gidgie court edinburgh, sa 5111, Australia Recent Insider Transactions • Sep 03
Non-Executive Director recently sold AU$2.7m worth of stock On the 29th of August, Alan Steele sold around 2m shares on-market at roughly AU$1.36 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Aug 28
Full year 2025 earnings released: EPS: AU$0.072 (vs AU$0.056 in FY 2024) Full year 2025 results: EPS: AU$0.072 (up from AU$0.056 in FY 2024). Revenue: AU$118.1m (up 38% from FY 2024). Net income: AU$6.76m (up 33% from FY 2024). Profit margin: 5.7% (down from 6.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AU$1.33, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 16x in the Electrical industry in Australia. Total returns to shareholders of 414% over the past three years. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to AU$1.30, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 16x in the Electrical industry in Australia. Total returns to shareholders of 384% over the past three years. Announcement • Jun 03
Mayfield Group Holdings Limited (ASX:MYG) has executed a conditional Share Purchase Agreement to acquire B.E. Switchcraft Pty. Ltd. from Alias Investments Pty. Ltd for AUD 7 million. Mayfield Group Holdings Limited (ASX:MYG) has executed a conditional Share Purchase Agreement to acquire B.E. Switchcraft Pty. Ltd. from Alias Investments Pty. Ltd for AUD 7 million on June 2, 2025. Under the terms of agreement, A total of 1,893,940 Mayfield shares at an issue price of $1.056 will be issued on completion. The issue price was determined as the Volume-Weighted Average Price of Mayfield shares traded on the ASX on the five days prior to the date of the SPA. The shares will be issued without shareholder approval using Mayfield i.e., as consideration, a total of AUD 7 million of which AUD 5 million will be cash payable on completion and the issue of AUD 2 million in Mayfield shares (1,893,940 shares). The combined entity will be uniquely positioned to address the growing demand for integrated electrical infrastructure in data centres and AI applications, where BE Switchcraft's energy management systems and Mayfield's critical power solutions provide a comprehensive offering unmatched by competitors in the Australian market. The acquisition strengthens Mayfield's competitive position in Australia's electrical infrastructure market, creating the nation's most comprehensive provider of locally manufactured power solutions.
The key employee and controlling shareholder of BE Switchcraft Pty. Ltd entering into an employment contract. The key employee and controlling shareholder will remain with the business on a long-term contract post-acquisition. All other conditions precedent are standard commercial conditions for a transaction of this type. The expected completion of the transaction is August 30, 2025. This acquisition delivers immediate earnings accretion for shareholders with positive EBIT contribution in FY26 and enhanced growth opportunities in the commercial sector Reported Earnings • Mar 03
First half 2025 earnings released: EPS: AU$0.021 (vs AU$0.031 in 1H 2024) First half 2025 results: EPS: AU$0.021 (down from AU$0.031 in 1H 2024). Revenue: AU$52.0m (up 34% from 1H 2024). Net income: AU$1.98m (down 29% from 1H 2024). Profit margin: 3.8% (down from 7.2% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. New Risk • Feb 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.3% Last year net profit margin: 9.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.3% net profit margin). Market cap is less than US$100m (AU$87.6m market cap, or US$55.2m). Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AU$1.20, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 20x in the Electrical industry in Australia. Total returns to shareholders of 286% over the past three years. New Risk • Feb 11
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (AU$98.4m market cap, or US$61.7m). Declared Dividend • Jan 30
Final dividend of AU$0.063 announced Shareholders will receive a dividend of AU$0.063. Ex-date: 31st January 2025 Payment date: 14th February 2025 Dividend yield will be 7.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 68% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 41% to shift the payout ratio to a potentially unsustainable range, which is less than the 82% EPS decline seen over the last 5 years. Announcement • Jan 30
Mayfield Group Holdings Limited Declares Fully Franked Special Dividend, Payable on 14 February 2025 Mayfield Group Holdings Limited announced the Board has approved a fully franked special dividend of 5.3 cents per share to shareholders. The total amount of the special dividend is $5 million. Ex-dividend date is 31 January 2025. Record date is 3 February 2025. Dividend payment date is 14 February 2025. Announcement • Jan 29
Mayfield Group Holdings Limited Declares Interim Dividend for the Half-Year Ending on 31 December 2024, Payable on 14 February 2025 Mayfield Group Holdings Limited announced Board has also determined to pay an interim dividend of 1 cent per share fully franked for the half-year ending on 31 December 2024. The .total amount of the interim dividend is $943,310. Ex-dividend date is 31 January 2025. Record date is 3 February 2025. Dividend payment date is 14 February 2025. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to AU$1.03, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 18x in the Electrical industry in Australia. Total returns to shareholders of 210% over the past three years. New Risk • Nov 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Market cap is less than US$100m (AU$68.8m market cap, or US$44.8m). Announcement • Sep 10
Mayfield Group Holdings Limited, Annual General Meeting, Oct 24, 2024 Mayfield Group Holdings Limited, Annual General Meeting, Oct 24, 2024. Location: will be held at 3 gidgie court, edinburgh sa 5111, Australia Reported Earnings • Aug 28
Full year 2024 earnings released: EPS: AU$0.056 (vs AU$0.064 in FY 2023) Full year 2024 results: EPS: AU$0.056 (down from AU$0.064 in FY 2023). Revenue: AU$86.2m (up 11% from FY 2023). Net income: AU$5.10m (down 12% from FY 2023). Profit margin: 5.9% (down from 7.4% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 21
First half dividend increased to AU$0.02 Dividend of AU$0.02 is 100% higher than last year. Ex-date: 7th August 2024 Payment date: 22nd August 2024 Dividend yield will be 3.6%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (17% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 72% to shift the payout ratio to a potentially unsustainable range, which is less than the 81% EPS decline seen over the last 5 years. Recent Insider Transactions • Jun 01
Non-Executive Director recently sold AU$560k worth of stock On the 29th of May, Alan Steele sold around 700k shares on-market at roughly AU$0.80 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$1.4m more than they bought in the last 12 months. Announcement • Jan 25
Mayfield Group Holdings Limited Declares Interim Fully Franked Dividend for the Half Year Ended 31 December 2023, Payable on 14 February 2024 The Board of Mayfield Group Holdings Limited announced that it has declared an interim fully franked dividend of 1 cents per share for the half year ended 31 December 2023. The total amount of the interim dividend payable to shareholders is $906,000. Ex-dividend date: 31 January 2024. Record date: 1 February 2024. Dividend payment date: 14 February 2024. Recent Insider Transactions • Oct 06
Non-Executive Director recently sold AU$828k worth of stock On the 28th of September, Alan Steele sold around 2m shares on-market at roughly AU$0.46 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Sep 01
Mayfield Group Holdings Limited Announces Appointment of Mr. Andrew Rowe as CEO and Managing Director The Board of Mayfield Group Holdings Limited (Mayfield) announced the appointment of Mr. Andrew Rowe as CEO and Managing Director to lead the Company through the next chapter in its 95-year history of providing electrical and telecommunications solutions to the Australian power infrastructure industry. Mr. Rowe will commence on 3 October 2023 following the previously announced retirement of Mr. Jon Hobbs, who will remain in an advisory capacity through to the AGM on 24 October 2023. Andrew brings over 30 years' experience across publicly listed and privately held engineering, construction, resource, and energy companies nationally and internationally. His previous roles include COO of Calibre Global, CEO of Perth Energy and CEO of MSP Engineering. During his career he has developed some of the most significant and complex projects in Australia across mining, transport infrastructure, power, energy and more recently in critical battery minerals. His proven success in establishing, transforming, acquiring, and growing businesses to improve profitability and achieve sustained growth will be welcomed by all stakeholders. Andrew received a Bachelor of Electrical Engineering in 1992 and MBA in 2016, both from the University of WA. Aside from his role at Mayfield, Andrew will continue to volunteer as a Non-Executive Director of WA based mental health charity 20Talk. New Risk • Aug 31
New major risk - Revenue and earnings growth Earnings have declined by 7.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.7% per year over the past 5 years. Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (AU$38.5m market cap, or US$24.9m). New Risk • Aug 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 8x earnings per share. Cash payout ratio: 126% Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Profit margins are more than 30% lower than last year (0.09% net profit margin). Market cap is less than US$100m (AU$38.0m market cap, or US$24.4m). Announcement • Aug 18
Mayfield Group Holdings Limited, Annual General Meeting, Oct 24, 2023 Mayfield Group Holdings Limited, Annual General Meeting, Oct 24, 2023. Announcement • Jul 23
Mayfield Board Declares 2023 Dividend, Payable on 14 August 2023 Mayfield Group Holdings Limited has declared a fully franked dividend of 1.0 cent ($0.01) per share. This amounts to a dividend payment of $906,000 to shareholders. Ex-dividend date is 26 July 2023. Record date is 27 July 2023. Dividend payment date is 14 August 2023. Board Change • May 17
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). MD, CEO & Director Jonathan Hobbs is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Apr 13
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). MD, CEO & Director Jonathan Hobbs is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Reported Earnings • Feb 25
First half 2023 earnings released: EPS: AU$0.015 (vs AU$0.006 loss in 1H 2022) First half 2023 results: EPS: AU$0.015 (up from AU$0.006 loss in 1H 2022). Revenue: AU$42.1m (down 6.0% from 1H 2022). Net income: AU$1.35m (up AU$1.88m from 1H 2022). Profit margin: 3.2% (up from net loss in 1H 2022). The move to profitability was driven by lower expenses. Board Change • Feb 01
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). MD, CEO & Director Jonathan Hobbs is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Jan 16
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). MD, CEO & Director Jonathan Hobbs is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Nov 16
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). MD, CEO & Director Jonathan Hobbs is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Oct 18
Mayfield Group Holdings Limited, Annual General Meeting, Nov 21, 2022 Mayfield Group Holdings Limited, Annual General Meeting, Nov 21, 2022, at 11:00 Cen. Australia Standard Time. Location: Gidgie Court Edinburgh SA 5111 S.A. 5039 Australia Australia Agenda: To receive and consider the Company's financial statements and the reports of the Directors and of the Auditor for the year ended 30 June 2022; to consider Remuneration Report; to consider Re-elect of Directors; to consider Ratification of Private Placement of Shares on 24 March 2022; to consider Approval of Issue of Options to Employees; to consider Approval of Mayfield Employee Share Option Plan; to consider Amendment to Constitution; and to consider other matters if any. Board Change • Oct 04
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). MD, CEO & Director Jonathan Hobbs is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Reported Earnings • Aug 30
Full year 2022 earnings released: AU$0.02 loss per share (vs AU$0.01 profit in FY 2021) Full year 2022 results: AU$0.02 loss per share (down from AU$0.01 profit in FY 2021). Revenue: AU$82.9m (up 37% from FY 2021). Net loss: AU$1.81m (down 337% from profit in FY 2021). Board Change • Jul 25
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). MD, CEO & Director Jonathan Hobbs is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Jun 02
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). MD, CEO & Director Jonathan Hobbs is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Apr 28
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). MD, CEO & Director Jonathan Hobbs is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Mar 22
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). MD, CEO & Director Jonathan Hobbs is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Feb 18
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). CEO & Director Jonathan Hobbs is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Feb 15
Mayfield Group Holdings Limited Appoints Simon Higgins as Non-Executive Chairman Mayfield Group Holdings Limited announced the appointment of Simon Higgins to the Board. The current non-executive chairman of Mayfield, Larry Case, has indicated that he intends toretire in the short term. Accordingly, the Board has unanimously agreed that Simon will also become Non-Executive Chairman, effective immediately. Simon was the former chair of the National Electrical and Communications Association and is currently Non-Executive Chairman of Volt Power Group Limited. Reported Earnings • Sep 05
Full year 2021 earnings released: EPS AU$0.01 (vs AU$220 in FY 2020) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: AU$60.8m (flat on FY 2020). Net income: AU$764.7k (down 70% from FY 2020). Profit margin: 1.3% (down from 4.2% in FY 2020). Announcement • Sep 03
Mayfield Group Holdings Limited (ASX:MYG) agreed to acquire remaining 60% stake in ATI Australia Pty Limited from Dhoo-Gunya Pty Ltd and Lochani Pty Ltd for AUD 2 million. Mayfield Group Holdings Limited (ASX:MYG) agreed to acquire remaining 60% stake in ATI Australia Pty Limited from Dhoo-Gunya Pty Ltd and Lochani Pty Ltd for AUD 2 million on September 2, 2021. Under the terms, consideration is payable wholly by the issue of Mayfield fully paid ordinary shares at 0.4063 per share, An additional earnout payment will be made to the Vendors in relation to the years ended 30 June 2022 and 2023 in the event that the revenue of ATI in those years is greater than the revenue for the year ended 30 June 2021. The amount of the earnout payment will be limited to AUD 0.06 million in each year, payable in cash. Post acquisition, ATI will become a 100% subsidiary of Mayfield. Each of the Vendors will continue to be employed by ATI on employment contracts, the terms of which are in accordance with market practice for a company the size of ATI and the industry in which it is involved. The transaction is conditional on minor amendments being made to the lease agreement for ATI’s Sydney property. The acquisition is expected to be completed on or before October 31, 2021 Announcement • Mar 01
Mayfield Group Holdings Limited Appoints Susan Chase AM to the Board as an Independent Non-Executive Director Mayfield Group Holdings Limited announced the appointment of Susan Chase AM to the Board as an independent non-executive director. Ms. Chase brings to the Board a wealth of relevant industry experience and a background in regional Australia and community involvement. Ms. Chase was Managing Director of Cowell Electric Supply Pty Ltd. from 2001 to 2018. Other directorships currently held by Ms. Chase include: Energy & Water Ombudsman SA, Regional Development Australia - Eyre Peninsula, and Australian Industry Group - SA Advisory Board. Announcement • Jan 28
Mayfield Group Investments Pty Ltd (ASX:MYG) completed the acquisition of remaining 35% stake in Walker Control Pty Ltd from JR & RT Walker Pty Ltd. Mayfield Group Investments Pty Ltd (ASX:MYG) entered into a share purchase agreement to acquire remaining 35% stake in Walker Control Pty Ltd from JR & RT Walker Pty Ltd for AUD 0.5 million on January 22, 2021. The consideration is payable wholly by the issue of 1,039,583 MYG fully paid ordinary shares at a deemed issue price of AUD 0.48 per share. The Consideration Shares will be issued in tranches, On Completion, 623,750 Consideration Shares, being 60% of the Consideration and upon satisfaction of various business outcomes over the 12 months following Completion Date, 415,833 Consideration Shares, being 40% of the Consideration. John Walker will continue as general manager for a further period of three years. The transaction is subject to, an employment agreement be entered into by Walker Control with John Walker which includes provisions regarding salary, bonus, minimum employment period and a noncompete clause and satisfactory due diligence to be completed by both JR & RT Walker and Mayfield Group Investments. The transaction is expected to be completed on February 1, 2021.
Mayfield Group Investments Pty Ltd (ASX:MYG) completed the acquisition of remaining 35% stake in Walker Control Pty Ltd from JR & RT Walker Pty Ltd on January 27, 2021. The current General Manager of Walker Control, John Walker, has entered into an employment agreement on normal commercial terms for such a role which includes provisions regarding salary, bonus, minimum employment period and a noncompete clause. Announcement • Jan 22
Mayfield Group Investments Pty Ltd (ASX:MYG) entered into a share purchase agreement to acquire remaining 35% stake in Walker Control Pty Ltd from JR & RT Walker Pty Ltd for AUD 0.5 million. Mayfield Group Investments Pty Ltd (ASX:MYG) entered into a share purchase agreement to acquire remaining 35% stake in Walker Control Pty Ltd from JR & RT Walker Pty Ltd for AUD 0.5 million on January 22, 2021. The consideration is payable wholly by the issue of 1,039,583 MYG fully paid ordinary shares at a deemed issue price of AUD 0.48 per share. The Consideration Shares will be issued in tranches, On Completion, 623,750 Consideration Shares, being 60% of the Consideration and upon satisfaction of various business outcomes over the 12 months following Completion Date, 415,833 Consideration Shares, being 40% of the Consideration. John Walker will continue as general manager for a further period of three years. The transaction is subject to, an employment agreement be entered into by Walker Control with John Walker which includes provisions regarding salary, bonus, minimum employment period and a noncompete clause and satisfactory due diligence to be completed by both JR & RT Walker and Mayfield Group Investments. The transaction is expected to be completed on February 1, 2021. 